The 35 trillion giant of the electricity sector wants to increase its capital by 7 trillion, offering 281 million new shares at 10,000 VND

The Vietnam Oil and Gas Power Corporation (PV Power, stock code: POW) will hold an Extraordinary General Meeting of Shareholders on September 25, 2025, with plans to increase its charter capital from 23,418 billion VND to 30,678 billion VND by offering 281 million new shares at 10,000 VND/share. The expected fundraising of 2,810 billion VND will be used for the Nhon Trach 3 and 4 Power Plant Project. Additionally, the company will issue bonus shares at a rate of 15% and pay dividends in shares at a rate of 4%. PV Power has never raised capital to increase its charter capital since its equitization in 2018. In the first half of 2025, the business reported revenue of 17,565 billion VND and net profit of 1,205 billion VND, completing 46% of its annual revenue target. POW shares on the market are priced at 15,150 VND/share, with a market capitalization of 35 trillion VND.